ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.026%

Price spread now: MEXC against BloFin−0.206%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 4 days (all we have)+0.212%+$21 · spread now −0.206%, 7d avg +0.045%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.252% cheaper against BloFin than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEN-USDT	7.7490	0.0220	pay 0.0220% / 8h	4m 44s	$835K	$1.6M	75x
Short	MEXC ZEN_USDT	7.7330	0.0100	get 0.0100% / 8h	4m 44s	$12.3M	$5.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee MEXCbpOrdersPrice spread, now −0.206%Rate

Funding earned: −$25.2
Price spread: −0.206% → +0.045%: −$25.17
Slippage, 4 orders: −$35.28
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$101.65
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; MEXC: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 3 min ago	1.93 bp	20.1 bp −$20	44.0 bp −$440	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.64 bp	6.6 bp −$7	37.7 bp −$377	98.4 bp −$9,835	doesn't fit

ZEN on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZEN-USD	0.0000%	1h	7.7462	−0.036%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0003%	8h	7.7370	−0.155%	$4.1M	$3.9M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7393	−0.126%	$41K	$391K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7343	−0.190%	$11.1M	$29.7M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7280	−0.271%	$4.5M	$5.5M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7290	−0.258%	$2.3M	$5.3M	50x	as long as short
MEXC ZEN_USDTshort	+0.0100%	8h	7.7330	−0.206%	$12.3M	$5.0M	200x
Bitget ZENUSDT	+0.0100%	8h	7.7400	−0.116%	$2.9M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7350	−0.181%	—	$2.9M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.7310	−0.233%	$55K	$69K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7529	+0.050%	$581K	$2.8M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7500	+0.013%	$27K	$669K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7400	−0.116%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7409	−0.104%	$22K	$234K	5x	as long as short
Hyperliquid ZEN	+0.0194%	1h	7.7554	+0.083%	$2.4M	$1.3M	5x	as long as short
BloFin ZEN-USDTlong	+0.0220%	8h	7.7490	long leg	$835K	$1.6M	75x
Kraken Futures PF_ZENUSD	+0.2228%	1h	7.7531	+0.053%	$497K	$762K	25x	as long as short